Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-12-10

amount az they NAV decide. Each share OF the
stock shau DO entitled 20 one vote. ana the
directors may receive real or personal properly
suited for the business OF the company IN pay.
ment OF subscriptions to the capital stock at
such valuations as may be agreed upon between
the directors and the subscribers.
J Tho corporators herein named snail consti-
tute tho Board Of Directors for tho hrst year, one
Of whom shall be chosen by them president OF
the board and OF the company. but the Board OF
Direct. rs may at any tne MI vacancy IN lts
own body or In the Office OF president, whether
such vacancy occurs by death, ressnan0p' OF
otherwise.
4. The Board OF Directors may meot ss soon as
practicable after the passage OF this act. ana II
at su n meeting the minimum capital stock OF
Sin0000 shall be subscribed the company s1al
thereupon be deemed organized, and the boar q
shall proceed 10 adopt bylaws for the conduct
Of the company; shall appoint such ohicers as
may bo deemed necessary, and take such Iur-
ther action as the interest OF the company may
require. The bylaws shall prescribe the time
aud place Of the stockholdars' meetings, "a well
as the notice Of holding such meetings. and the
manner Of serving the same. But the bylaws
may be at any timo changed By the Board OF d.
rect0rs.
5. said company shall havo power to borrow
money for its purposes and 70 secure same Dy
mortgage on its works, property, franchises, ana
income.
G. said company shall have all the general
powers conferred upon corporations ard char
tered companies by chapters So and 81 OF the
Code Of Virginia of 1873, and sh0ll be subject to
all the provisions Of those chapters, except 50
far as the same are modified by or are inconss-
tent with this act.
Z. 1t shall be lawful for sai1 company 10 con-
solidate with aay other railroad company here-
tofore incorporated or hereafter 70 be incorpo-
rated In or out OF the state of Virginia whose
lhe Of road connects or Will connect with the
railroad hereby authorized 10 be constructed; /;
aud IL shall be lawful for the company hereby
incorporated 10 lease or sell its works, property,
and franchises 10 any other such company and
It shall be lawful for said company 70 lease
or purchase the works, property, and franchises
OF any oiner railroad company heretofore incor-
porated or hereafter 20 DO Incorporated In or out
OF tho State Of Virginia whose line Of railroad
connects or will connect With the railroad hereby
authorized 10 be cOnstructed; and any railroad
company heretofore Incorporated or here
after 10 be Incorporated I'm the state Of Nir-
glna Is hereby authorized 70 consolidate with
the said DGnville aud Great Western Railroad
Company, or 10 sell or lease It's works, property,
and franchises 10 said Danyille and Great West
ern Railroad Company, or 10 purchase o. lease
the works. property, and franchises OF the said
DRnville and Great Western Railroad Company
s. This charter shall be subject 20 amendment
or repeal at any time ny the General Assembly.
and all taxes. dues, or demands, due or to be-
como due by this company 70 tho state OF r
g1nia, shall 90 pnid in lawful currency OF tho
United states and not IN coupons.
9. This act shall be 10 force from It's passage.